Increase in construction of new rail projects positively impacts the railway maintenance machinery market growth. For instance, the Iraqi government spent around $2.5 billion on a new railway project named as Baghdad Metro. The railway project is likely to be completed by 2025. In addition, rise in number of railway electrification projects, owing to carbon emission reduction targets, is anticipated to lead to the expansion of the railway maintenance machinery industry.
The railway maintenance machinery market size was valued at $4 billion in 2021, and is estimated to reach $7.6 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.
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Major Key Players of the Railway Maintenance Machinery Market are:
The key players profiled in the report include China Railway Construction Corporation Limited (CRCC High- Tech Equipment Co. Ltd), China State Railway Group Co Ltd. (Gemac Engineering Machinery Co Ltd), System 7- Railsupport GmbH, Harsco Corporation, MER MEC s.p.A., Geatech Group s.r.l., PLASSER & THEURER, Sinara Transport Machines Holding, Fluor Corporation, CORIL HOLDINGS LTD
Over the years, we have been administering market intelligence studies across an array of industries for organizations of different types such as profit & not-for-profit organizations, big-scale & large-scale organizations, and many more. We look at numerous aspects of internal & external business environment disturbing the growth stratagems of business ventures.
The global Railway Maintenance Machinery report offers quantitative and qualitative analysis of the market from 2021 to 2031. The qualitative study emphasizes on the value chain analysis, pain point analysis, and key regulations.
- Value chain analysis: AMR offers a complete analysis of all the stages along with the key stakeholders functioning in every stage with their strategic decisions on board.
- Key regulations: Allied Market Research provides key regulations and standards for the Railway Maintenance Machinery Market. The section also presents some of the regulatory documents of the product type.
- Pain point analysis: The report also offers insights on the key challenges faced by the stakeholders in the industry. The strategic decisions adopted by the market players to maintain their foothold in the market are also discussed through the report.
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COVID-19 Impact Analysis on the global Railway Maintenance Machinery:
The outbreak of the pandemic has had a huge impact across the globe, which impeded the socio-economic development. Therefore, the Railway Maintenance Machinery Market report doles out a micro- and macro-economic assessment of the industry throughout the pandemic. The study further provides a qualitative breakdown of the impact of Covid-19 on the market.
Key Market Segments –
Product Type
Tamping machine
Stabilizing machinery
Rail handling machinery
Ballast cleaning machine
Others
Application
Ballast track
Non-ballast Track
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Italy, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Rest Of Asia Pacific)
LAMEA (Middle East, Africa, Latin America)
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